Regulatory Alerts2011-10-17 | 1062326539Added · Updated
Banking Circular No 12 of 2011 - Amendments to Foreign Exchange Exposure Limits
The Central Bank of Kenya has issued a circular to commercial banks, non-bank financial institutions, and mortgage finance companies, advising them of amendments to Prudential Guideline CBK/PG/06 on Foreign Exchange Exposure Limits. The amendments include reducing the limit on overall and single currency foreign exchange risk exposure from 20% to 10% of an institution's core capital. The Central Bank directs all institutions to comply with the new requirements.
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